The market is shouting: The madness of altcoins is about to begin
I personally sincerely hope that altcoins can have a decent market trend.
I'm not referring to a widespread bloom; we all know that's almost impossible, but at least there should be some 'wealth effect'.
Currently, many well-known projects have an FDV that is only 4 to 5 times the amount of funds raised.
Even more exaggerated is that the circulating market value is lower than the project financing amount.
For example, a project that raised 50 million has a circulating market value below 50 million, and the total market value is less than 250 million.
📉 Investment institutions are not making money
📉 Retail investors are not making money
📉 The market is full of wailing
Everyone says it's a bull market, but not many people have actually reaped the benefits.
